AngloGold Ashanti Plc. (NYSE: AU) Stock’s Potential for Success in the Coming Months

In the latest trading session, 0.94 million AngloGold Ashanti Plc. (NYSE:AU) shares changed hands as the company’s beta touched 0.98. With the company’s most recent per share price at $30.88 changing hands around $0.21 or 0.68% at last look, the market valuation stands at $12.96B. AU’s current price is a discount, trading about -5.47% off its 52-week high of $32.57. The share price had its 52-week low at $15.60, which suggests the last value was 49.48% up since then. When we look at AngloGold Ashanti Plc.’s average trading volume, we note the 10-day average is 2.65 million shares, with the 3-month average coming to 1.97 million.

Analysts gave the AngloGold Ashanti Plc. (AU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.40. If we narrow down to specifics, the data shows that 1 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended AU as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. AngloGold Ashanti Plc.’s EPS for the current quarter is expected to be 0.

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AngloGold Ashanti Plc. (NYSE:AU) trade information

Instantly AU is in green as seen in intraday trades today. With action 12.09%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 65.22%, with the 5-day performance at 12.09% in the green. However, in the 30-day time frame, AngloGold Ashanti Plc. (NYSE:AU) is 8.20% up. Looking at the short shares, we see there were 7.4 million shares sold at short interest cover period of 3.4 days.

The consensus price target for the stock as assigned by Wall Street analysts is 24, meaning bulls need a downside of -28.67% from its recent market value. According to analyst projections, AU’s forecast low is 19 with 35.6 as the target high. To hit the forecast high, the stock’s price needs a -15.28% plunge from its current level, while the stock would need to tank 38.47% for it to hit the projected low.

AngloGold Ashanti Plc. (AU) estimates and forecasts

Data shows that the AngloGold Ashanti Plc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 39.67% over the past 6 months, a 2,372.73% in annual growth rate that is considerably higher than the industry average of 21.20%.

The 2024 estimates are for AngloGold Ashanti Plc. earnings to increase by 2597.01%, but the outlook for the next 5-year period is at 19.20% per year.

AU Dividends

AngloGold Ashanti Plc. is expected to release its next quarterly earnings report on 2024-Aug-06. The 1.33% annual yield figure for the share gives it an annual dividend of 0.41. It is important to note, however, that the 1.33% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 0.66 per year.

AngloGold Ashanti Plc. (NYSE:AU)’s Major holders

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.0098% or 16.89 million shares worth $424.33 million as of 2024-06-30.

Among Mutual Funds, the top two as of Sep 30, 2024 were VanEck ETF Trust-VanEck Gold Miners ETF and Vanguard International Stock Index-Total Intl Stock Indx. With 19.21 shares estimated at $596.13 million under it, the former controlled 4.57% of total outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held about 1.39% of the shares, roughly 5.85 shares worth around $181.46 million.